List Price: $249,000 | $78 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 0 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Friday Apr 11, 2025 | MLS# 5035882
With 0 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Friday Apr 11, 2025 | MLS# 5035882
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 1
Apt 2 Entry
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 2
Apt 3 Entrance to rear
Apt 3
Apt 3
Apt 3
Apt 3
Apt 3
Apt 3
Apt 3
Apt 3
Apt 3
unit 3- New Propane Furnace.
New Furnace for Apts 1&2
30 Pearl Street Springfield VT
Listed by Daire Gibney Barrett and Valley Associates Inc.
Listed by Daire Gibney Barrett and Valley Associates Inc.
Prime Multi-Family Investment Opportunity in Springfield! With the recent annoucment of a $10mm develpment of the nearby hospial and mill builing complex you wont want to miss this exceptional income property near downtown Springfield, perfect for investors seeking both profitability and location this is up and coming Vermont Town. This three-unit building combines modern updates with accessibility to downtown amenities, ideal for attracting long-term tenants. The property features three 2 bedroom units. Units 1 and 2 have received significant updates enhancing both aesthetics and functionality. Unit 3, a spacious addition built in 2010, features a large eat-in kitchen with tile floors, two bathrooms, and independent heating and electrical systems. Recent upgrades include new energy-efficient heating systems and in-unit washer/dryers in all units, adding comfort and convenience. Comprehensive renovations in Unit 3 and stylish updates in Units 1 and 2 ensure a turnkey experience for incoming owners. Located steps from Springfield's lively riverfront, close to the hospital, a contemporary movie theatre, and a co-op grocery store, the area is well-served by public transport, enhancing tenant commute and lifestyle. This property stands out with its solid rental history and potential for future rent increases, thanks to ongoing demand in this desirable area. A stellar investment opportunity awaits in the heart of Springfield.
Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $3,983
Taxes: $3,983
Income
Gross Income | $49,800
NetIncome | $29,000
Gross Income | $49,800
NetIncome | $29,000
Construction: Wood Frame | Vinyl Siding
Year Built: 1886
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4062
Above Grade Sq.Ft.: 3198
Basement: Concrete Floor
Foundation: Slab - Concrete
Year Built: 1886
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4062
Above Grade Sq.Ft.: 3198
Basement: Concrete Floor
Foundation: Slab - Concrete
Roof: Metal
Garage And Parking: Parking Spaces 3 - 5
Seasonal: No
Garage And Parking: Parking Spaces 3 - 5
Seasonal: No
Heating: Propane
Cooling: None
Electric: 100 Amp
Utilities: Cable - Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: 100 Amp
Utilities: Cable - Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level | In Town | Near Hospital | Near School(s)
Lot size: 0.4 acres
Zoned: res)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel
Level | In Town | Near Hospital | Near School(s)
Lot size: 0.4 acres
Zoned: res)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel
Easement - Unknown
Taxes $3,983
Assesed Value Not Reported
Schools
School District: Springfield School District
Elementary School: Union Street School
Middle School: Riverside Middle School
High School: Springfield High School
School District: Springfield School District
Elementary School: Union Street School
Middle School: Riverside Middle School
High School: Springfield High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM